BA 353: Operations Management
BA 353: Operations Management Hybrid Week 1
Intro – class, OM
In Class Exercises 1 & 2
Start Decision Analysis
• Welcome! Student in class and online.
o Record Zoom
o Dial in Video and Audio for Zoom
• Go Over Canvas and Webpage
• Syllabus - ICE 1
• Roll call
o In Class and online.
Chapter 1
OM: Activities ( Goods and Services (spectrum)
Ex Sell 10k products at $50 each. Cost $40 to produce and transport.
• Price ^ to $55? Demand? ECON
• How to increase demand? MK
• Cost decreases to $39? Demand? Percentages – cost down 2.5%, profit up 10%.
To do this week:
1. Read syllabus, do ICE 1
2. Review stats, do ICE 2
3. Watch Decision Analysis Videos.
Decision Analysis: Making good decisions with an uncertain future.
Six Steps:
1. Define Problem
2. Objective(s)
3. Model
4. Evaluate
5. Choose
6. Implement
Set up problem A), class solves for EV.
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